Close Menu

    Subscribe to Updates

    Get the latest headlines from PapaLinc about news & entertainment.

    What's Hot

    Ghana dominated the second-half because my players were tired – Nigeria coach Eric Chelle

    British flight attendant, 21, appears in court accused of smuggling 46kg of synthetic cannabis into Sri Lanka – where she faces up to 25 years in prison

    Let’s unite towards removing barriers to girls’ education – Veep

    Facebook X (Twitter) Instagram
    • Lifestyle
    • Africa News
    • International
    Facebook X (Twitter) Instagram YouTube WhatsApp
    PapaLincPapaLinc
    • News
      • Africa News
      • International
    • Entertainment
      • Lifestyle
      • Movies
      • Music
    • Politics
    • Sports
    Subscribe
    PapaLincPapaLinc
    You are at:Home»Politics»NAPO apologises to bondholders for negative impact of DDEP
    Politics

    NAPO apologises to bondholders for negative impact of DDEP

    Papa LincBy Papa LincOctober 18, 2024No Comments2 Mins Read0 Views
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
    NAPO apologises to bondholders for negative impact of DDEP
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp Email


    Dr Matthew Opoku Prempeh, the New Patri­otic Party’s (NPP) vice-presidential candidate, has publicly apologised to bondholders, who faced negative impacts from the government’s Domes­tic Debt Exchange Programme (DDEP).

    Speaking during an interview on Accra-based Peace FM on Wednesday, he acknowledged the significant sacrifices bondholders made to help stabilise Ghana’s economy during a challenging period.

    In his remarks, Dr Opoku Prempeh expressed sincere gratitude to the bondholders for their contribu­tions, highlighting their essential role in the country’s economic recovery efforts.

    He underscored that their willingness to participate in the DDEP was instrumental in enabling the govern­ment to effectively restructure the nation’s debt, partic­ularly in negotiations with the International Monetary Fund (IMF) and foreign bondholders.

    The vice-presidential candidate pointed out that the DDEP was a necessary step to address Ghana’s mount­ing economic challenges.

    By accepting the terms of the programme, bond­holders played a vital part in facilitating the country’s return to financial stability, which benefits not just the government but all Ghanaians.

    He emphasised the importance of dialogue and collaboration with stakeholders to ensure that their concerns were addressed moving forward.

    “What we have to know is that if we hadn’t met the DDEP bondholders, our economy that has now picked up wouldn’t have been possible,” he stressed.

    He said “If they hadn’t agreed for us to exchange their 95 per cent bonds, we couldn’t have gone through the restructuring process with the IMF, and the foreign bondholders would have not followed for us to achieve this result.”



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Telegram Email
    Previous ArticleWe focus on too much on the Black Stars
    Next Article China Renaissance suspends trading, delays results after founder’s disappearance
    Papa Linc

    Related Posts

    Let’s unite towards removing barriers to girls’ education – Veep

    May 30, 2025

    Plan to list struggling SoEs on Ghana Stock Exchange on course – Abena Amoah

    May 29, 2025

    Ecobank Group CEO reaffirms commitment to Ghana’s growth agenda

    May 29, 2025
    Ads
    Top Posts

    A Plus questions the hypocrisy of NPP members who remained silent about corruption for 8 years, only to speak out after losing power.

    December 26, 202443 Views

    Here’s why Ghana Airways collapsed in 2004

    November 5, 202442 Views

    Urgent search continues for Paul Barning after he was attacked by shark during fishing competition

    February 23, 202538 Views

    Kenyan Senator breaks silence on her alleged intimate affairs, secret child with John Agyekum Kufuor

    December 21, 202433 Views
    Don't Miss
    News May 30, 2025

    Ghana dominated the second-half because my players were tired – Nigeria coach Eric Chelle

    Head coach of Nigeria, Eric Chelle The head coach of Nigeria, Eric Chelle, has opened…

    British flight attendant, 21, appears in court accused of smuggling 46kg of synthetic cannabis into Sri Lanka – where she faces up to 25 years in prison

    Let’s unite towards removing barriers to girls’ education – Veep

    Kotoko eye Hearts of Oak striker Hamza Issah in player-plus-cash deal

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • WhatsApp

    Subscribe to Updates

    Get the latest headlines from PapaLinc about news & entertainment.

    Ads
    About Us
    About Us

    Your authentic source for news and entertainment.
    We're accepting new partnerships right now.

    Email Us: info@papalinc.com
    For Ads on our website and social handles.
    Email Us: ads@papalinc.com
    Contact: +1-718-924-6727

    Facebook X (Twitter) Pinterest YouTube WhatsApp
    Our Picks

    Ghana dominated the second-half because my players were tired – Nigeria coach Eric Chelle

    British flight attendant, 21, appears in court accused of smuggling 46kg of synthetic cannabis into Sri Lanka – where she faces up to 25 years in prison

    Let’s unite towards removing barriers to girls’ education – Veep

    Most Popular

    April 3, 2023 – Russia-Ukraine information

    October 17, 20240 Views

    ‘I’ve by no means seen something like this:’ Certainly one of China’s hottest apps has the flexibility to spy on its customers, say specialists

    October 17, 20240 Views

    DKB reacts to criticism following his 24-hour economic system skit

    October 17, 20240 Views
    © 2025 PapaLinc. Designed by LiveTechOn LLC.
    • News
      • Africa News
      • International
    • Entertainment
      • Lifestyle
      • Movies
      • Music
    • Politics
    • Sports

    Type above and press Enter to search. Press Esc to cancel.

    Ad Blocker Enabled!
    Ad Blocker Enabled!
    Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.